Plan Ledger DOL Form 5500 · updated monthly

Western Industrial Contractors, Inc.401(k)

WESTERN INDUSTRIAL CONTRACTORS, INC. 401(K) PLAN · AURORA, CO · plan year 2024

Reported admin expense ratio · 2024
0.28%

Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works

Western Industrial Contractors, Inc. reported $42,466 in plan administrative expenses for 2024: 0.28% of average plan assets, below the peer median. Employer contributions averaged $3,090 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.38% to 0.28%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 624th-largest of 1,461 plans among Colorado employers on file, and the 2,371st of 5,337 in construction. In 2024, employees put in $1.99 for every $1.00 the employer contributed; active participation has grown from 140 to 203 since 2022.

Plan summary
Net assets, end of year$15,841,053
Participants with balances194
Active participants203
Employer contributions$627,299
Employee contributions$1,246,405
Employer contribution per active participant$3,090
Average account balance$81,655
Benefits paid to participants$2,112,310
Plan auditUnmodified (clean) audit opinion
AuditorOLSON, REYES & SAUERWEIN, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$15.8M · 194 accts · $627K emplr
2023$14.2M · 172 accts · $479K emplr
2022$11.3M · 152 accts · $545K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,540
Investment management$31,926
Total administrative$42,466
The Western Industrial Contractors, Inc. 401(k) match · 2024
Employer contribution per active participant$3,090
Median for plans this size$2,416
2024$3,090 per active participant
2023$2,799 per active participant
2022$3,890 per active participant

Western Industrial Contractors, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$41,847
CREATIVE PLANNING LLC · Investment advisory (plan)$31,926

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024The Standard
2023The Standard

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$42,466 · 0.28%
2023$38,984 · 0.31%
2022$45,295 · 0.38%
Same employer
Similar plansConstruction · Colorado
Flatiron Constructors, Inc. CO$16.3M · 0.31%
Gallegos Masonry, Inc. CO$15.9M · 0.07%
Moltz Construction, Inc. CO$15.9M · 0.26%
B.T. Construction, Inc. CO$14.5M · 0.49%
Douglass Colony Group Inc. CO$14.3M · 0.53%

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Source: U.S. Department of Labor, Form 5500 series, EIN 840888336 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.